The horse insurance market reached $550.9 million in 2023 and is now expected to post a compound annual growth rate of more than 10% between 2024 and 2032, according to a report by Global Market Insights.
The market is significantly impacted by the value of horses, the data showed, which can vary widely based on factors like breed, pedigree, performance history and trends.
The horse insurance market in North America held the largest share of over 35% in 2023, due to a strong equestrian culture and high participation levels in various sports contribute to a significant demand for horse insurance to protect valuable animals.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
